Jones Soda taps new leaders, nabs $5M credit line | How to buy Skittles Moonrock online

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Jones Soda Co. (CSE: JSDA) (OTCQB: JSDA) found a new c-suite alongside funding as it pushes deeper into cannabis-infused beverages and other product categories, according to the company.

The craft beverage maker secured a new $5 million revolving credit facility with Two Shore Capital Corp., replacing a smaller $2 million facility from May 2024, the company said Thursday. The funding will support expected sales growth in modern soda and adult beverage lines, according to Paul Norman, Jones’ board chairman.

The credit agreement includes a 13.75% annual interest rate and warrants for 750,000 shares at $0.45 each over three years, pending Canadian Securities Exchange approval.

The financing announcement follows Wednesday’s appointment of Scott Harvey as CEO and Brian Meadows as CFO, filling roles Norman had held on an interim basis since late 2024.

Harvey joins from Dunn Brothers Coffee, where he served as president of the seven-state coffee shop chain. His 40-year career includes executive positions at Golden Krust Caribbean Bakery, Black Rifle Coffee Company and Einstein Noah Restaurant Group, where he oversaw 850 locations.

Meadows, who holds CFA and CPA designations, most recently served as CFO at Simply Better Brands Corporation, where he helped develop the company’s TRUBAR brand.

The company is expanding beyond its craft soda roots with products like Pop Jones, a 30-calorie functional soda, and Mary Jones Hemp Delta-9 beverages, which offer THC-infused alcohol alternatives. Last month, Jones announced new distribution agreements covering 2,000 convenience stores – its first major convenience channel presence in nearly 30 years of operation, it said.

“We are confident that we now have all the pieces in place to deliver high growth and profitable performance,” Norman said in a statement announcing the executive appointments.